The fund has $11,422,347 in total assets. If the funds annual losses were the same, it would run out of money in 12 years without these subsidies.
The fund earned $166,950 in investment income and other revenue in 2016. At the same time, it paid out $1,168,621 in expenses, according to the 2017 biennial report detailing the health of each of the states pension funds and retirement systems. The difference between the two shows the funds annual loss without subsidies.
Taxpayers added $928,036 to the funds revenue last year – an amount that has increased from $744,177 five years ago. Members contributed an additional $201,078 – $10,003 more than five years ago.
In all, subsidies amounted to $1,129,114 in 2016.
Park Forest Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | $166,950 | $1,168,621 | -$1,001,671 |
| 2015 | $5,451 | $1,060,428 | -$1,054,977 |
| 2014 | $952,022 | $977,779 | -$25,757 |
| 2013 | $335,947 | $967,904 | -$631,957 |
| 2012 | $288,850 | $907,916 | -$619,066 |
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